By Vanessa Yurkevich and Chris Isidore | CNNFord and the United Auto Workers union reached a tentative labor deal, according to the union. But it will step up pressure on those two automakers to reach their own deal with the union. The deal is expected to give UAW members pay increases starting at 25% over the next four-and-a-half years, until the tentative contract is set to expire in early 2028. When the cost of living adjustment is combined with the guaranteed pay increases, workers are expected to see pay increases of 30% or more during the life of the contract. There are currently 16,600 UAW members on strike at three Ford assembly plants, including its largest, the Kentucky Truck Plant in Louisville.

Source: CNN October 26, 2023 01:40 UTC